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Daycare Insurance>Have A Dilemma, Need Advice......Long (Sorry)
marniewon 10:45 AM 03-22-2011
We bought a house (in another town) last fall to fix up and eventually move in to. We have decided to move sometime in June. The house we are in now, we gave back to the bank to auction since they wouldn't work with us. The house sold in December and we're now in the 6 month redemption period. I planned to give notice to my families at the end of April to be done June 3.
Now here's my dilemma. I got a registered letter from my insurance company today saying that insurance coverage will end on April 22 since the home is no longer owner-occupied. I cannot continue daycare without insurance. So now I need to close 5 weeks earlier than I had planned (which gives me less than/around a month notice, and I wanted to give a little more than that). To add to that, I had scheduled my paid vacation the week of April 18-22. I'm assuming there's no way that I can keep that paid vacation when my vacation week would be my last week.
So now I'm wondering what to tell my parents. Do I explain the insurance thing to them or just say I'm closing because I'm moving out of the area? If I tell them that and they see me still at this house or around town, they may wonder why I lied to them.
Any thoughts? Thanks!
Now here's my dilemma. I got a registered letter from my insurance company today saying that insurance coverage will end on April 22 since the home is no longer owner-occupied. I cannot continue daycare without insurance. So now I need to close 5 weeks earlier than I had planned (which gives me less than/around a month notice, and I wanted to give a little more than that). To add to that, I had scheduled my paid vacation the week of April 18-22. I'm assuming there's no way that I can keep that paid vacation when my vacation week would be my last week.
So now I'm wondering what to tell my parents. Do I explain the insurance thing to them or just say I'm closing because I'm moving out of the area? If I tell them that and they see me still at this house or around town, they may wonder why I lied to them.
Any thoughts? Thanks!
daycare 10:49 AM 03-22-2011
Originally Posted by marniewon:
We bought a house (in another town) last fall to fix up and eventually move in to. We have decided to move sometime in June. The house we are in now, we gave back to the bank to auction since they wouldn't work with us. The house sold in December and we're now in the 6 month redemption period. I planned to give notice to my families at the end of April to be done June 3.
Now here's my dilemma. I got a registered letter from my insurance company today saying that insurance coverage will end on April 22 since the home is no longer owner-occupied. I cannot continue daycare without insurance. So now I need to close 5 weeks earlier than I had planned (which gives me less than/around a month notice, and I wanted to give a little more than that). To add to that, I had scheduled my paid vacation the week of April 18-22. I'm assuming there's no way that I can keep that paid vacation when my vacation week would be my last week.
So now I'm wondering what to tell my parents. Do I explain the insurance thing to them or just say I'm closing because I'm moving out of the area? If I tell them that and they see me still at this house or around town, they may wonder why I lied to them.
Any thoughts? Thanks!
I would be honest with them. Tell them why. This is not your fault, you did not ask for this to happen and you cant control it. I am sure if you tell it like it is and don't beat around the bush, they will understand and respect you. DOn't lie about it, a lie while won't get you anywhere. We bought a house (in another town) last fall to fix up and eventually move in to. We have decided to move sometime in June. The house we are in now, we gave back to the bank to auction since they wouldn't work with us. The house sold in December and we're now in the 6 month redemption period. I planned to give notice to my families at the end of April to be done June 3.
Now here's my dilemma. I got a registered letter from my insurance company today saying that insurance coverage will end on April 22 since the home is no longer owner-occupied. I cannot continue daycare without insurance. So now I need to close 5 weeks earlier than I had planned (which gives me less than/around a month notice, and I wanted to give a little more than that). To add to that, I had scheduled my paid vacation the week of April 18-22. I'm assuming there's no way that I can keep that paid vacation when my vacation week would be my last week.
So now I'm wondering what to tell my parents. Do I explain the insurance thing to them or just say I'm closing because I'm moving out of the area? If I tell them that and they see me still at this house or around town, they may wonder why I lied to them.
Any thoughts? Thanks!
You also don't need to tell them in balck and white why, just explain to them without airing all of your personal matters the best that you can...
so sorry too hear this and best of luck to you and your family
Zoe 12:05 PM 03-22-2011
Wow. I went through EXACTLY what you went through just this past year! We had to "walk away" from our townhouse and were able to get a house in my hometown last August thanks to my wonderful family. I don't like to tell people because I feel like such a low-life doing it, when really I had no choice either! The bank just wouldn't work with me and we needed to leave while we could still afford food. The bank would have foreclosed anyway...I'm getting off topic sorry. 
Just be honest. You are moving and even though it's not for a few months, you won't be insured and have to close sooner than expected. I'm sure the families will understand that moving/relocating can be a complicated process, especially when you throw in the whole bank situation. IDK if I would personally mention that part, but in my experience, people asked me if I sold my house, and what else could I say? I had to tell them, because I don't lie. So it might come out. Just a heads up.
If you are upfront, then you shouldn't have any trouble. They will respect your honesty, and it will avoid any future awkwardness should they see you around. At least they'll know what's going on.
This stuff s#$%s and I'm sorry you have to go through it too!
Just be honest. You are moving and even though it's not for a few months, you won't be insured and have to close sooner than expected. I'm sure the families will understand that moving/relocating can be a complicated process, especially when you throw in the whole bank situation. IDK if I would personally mention that part, but in my experience, people asked me if I sold my house, and what else could I say? I had to tell them, because I don't lie. So it might come out. Just a heads up.
If you are upfront, then you shouldn't have any trouble. They will respect your honesty, and it will avoid any future awkwardness should they see you around. At least they'll know what's going on.
This stuff s#$%s and I'm sorry you have to go through it too!
Rachel 11:21 PM 03-22-2011
I agree. Just be honest and say your insurance policy is finished on that day, so that's the last day you can provide care.
I do think you have to forfeit your paid vacation. Unless it's your only one of the year or something, then maybe split the week and take 2.5 paid days?
I do think you have to forfeit your paid vacation
. Unless it's your only one of the year or something, then maybe split the week and take 2.5 paid days?
morgan24 02:44 AM 03-23-2011
If you want to continue daycare couldn't you just get a liability policy? When I first started out I got a policy from Michigan Association of Child Care Providers in Livoina MI.
Otherwise I would just be honest and I think you'll have to forfeit you paid vacation.
It sucks when the bank won't work with you and with the economy sucking so bad MI, you would think that they would want to help people keep their homes. Their are so many bank owned homes where I'm at and most of them have been sitting empty for over a year. Hopefully brighter days are ahead for you and your family.
Otherwise I would just be honest and I think you'll have to forfeit you paid vacation.
It sucks when the bank won't work with you and with the economy sucking so bad MI, you would think that they would want to help people keep their homes. Their are so many bank owned homes where I'm at and most of them have been sitting empty for over a year. Hopefully brighter days are ahead for you and your family.
marniewon 04:38 AM 03-23-2011
Thanks for your input! Can anyone see any way that I can explain the insurance part without going into the whole "losing my house" part? We are truly okay with that part - it was our decision to give the house back. We know that we'll have to pay the difference, and that's okay too, it's just that we were drowning with no end in sight with that mortgage. We have another house that we are fixing up (just a shell right now) and we're very excited about moving there. But, like someone else said, it just plain looks bad when this happens. I'd rather not air all my dirty laundry to virtual strangers, kwim?
As far as my paid vacation goes, I knew I'd have to give that up. And actually, even though I don't usually allow it, since I knew we were moving I was allowing my families to use their free vaca at the same time as my paid, and one family was going to do that anyway. If my other family decided to do that also, it wouldn't have been a paid vaca anyway. Since I will still be taking my vaca (husband already asked for that week off), it looks like my official last day will be April 15! Yikes, guess I better figure out how I'm going to explain this and get on it!!
As far as my paid vacation goes, I knew I'd have to give that up. And actually, even though I don't usually allow it, since I knew we were moving I was allowing my families to use their free vaca at the same time as my paid, and one family was going to do that anyway. If my other family decided to do that also, it wouldn't have been a paid vaca anyway. Since I will still be taking my vaca (husband already asked for that week off), it looks like my official last day will be April 15! Yikes, guess I better figure out how I'm going to explain this and get on it!!